etf overlap · heavy overlap
VWCE vs VUAA overlap
60% of VWCE and VUAA is the same money, spread over 430 companies both funds hold.
Holdings as of September 30, 2026 · source: Vanguard (VWCE), Vanguard (VUAA) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
The companies you would own twice
What only one of them gives you
Where each fund puts its money
VWCE and VUAA: what people ask
How much do VWCE and VUAA overlap?
60% by weight, as of September 30, 2026: heavy overlap. 430 companies appear in both funds; they make up 60% of VWCE and 98% of VUAA.
Which stocks do VWCE and VUAA both hold?
The largest shared positions are NVDA, AAPL, MSFT, AMZN and GOOGL. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both VWCE and VUAA?
Out of every €100 split evenly between them, about €60 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 3,365 names only in VWCE, 73 only in VUAA. Half in each behaves like 66 equally weighted stocks, against 107 for VWCE alone and 43 for VUAA alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.
Do VWCE and VUAA track the same index?
No. VWCE (ISIN IE00BK5BQT80) tracks the FTSE All-World index, VUAA (ISIN IE00BFMXXD54) the S&P 500. As of September 30, 2026, 3,365 companies are only in VWCE (39% of the fund) and 73 only in VUAA (1.4% of it).
Does the VWCE vs VUAA overlap apply to other tickers?
Yes. VWCE also trades as VWRA (London, USD) and VWRP (London, GBP), and VWRL (ISIN IE00B3RBWM25) is its distributing share class. VUAA also trades as VUAG (London, GBP), and VUSA (ISIN IE00B3XXRP09) is its distributing share class. Each is the same portfolio in another currency, on another exchange or paying its dividends out, so VWRA vs VUAG also overlaps 60%.
How is ETF overlap calculated here?
For every company held by both funds we take the smaller of its two weights and add them up. The weights come from the full holdings files Vanguard publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart. Sector overlap applies the same rule to the issuers' sector labels; "behaves like N equally weighted stocks" is one over the sum of the squared weights.
Weights come from each issuer's published holdings file and are matched company by company on their ISIN. Cash, futures and currency positions are left out. This page describes what the funds hold; it is not investment advice.